Kirkland & Ellis advised Powin, a global leader in energy storage solutions, in connection with a recently announced $135 million growth equity investment in Powin led by GIC, Singapore’s Sovereign Wealth Fund, with participation from existing lead investors Trilantic Energy Partners North America and Energy Impact Partners.
In a separate transaction announced on June 15, 2022, Kirkland also advised Powin in a strategic equity funding investment from Samsung Venture Investment Corporation, a fund managed on behalf of Samsung C&T, a global Engineering Procurement and Construction firm that has built some of the world's most iconic infrastructure projects.
The investments extend Powin’s leadership position in grid-scale energy storage and epitomize its mission to lead the sustainable transformation and decentralization of the world’s outdated electrical grids.
Read the Powin announcements here and here.
The Kirkland corporate team was led by partners Jhett Nelson, Shubi Arora and Josh Teahen, with assistance from associates Tess Dennis, Abbey Zuech, Bridget Hamway and Alexiz Magro-Malo; and tax partners Vin Thorn and Liam Murphy.